2012-11-08
2012-11-16
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be reluctant to compromise for now. >> reporter: the voters have spoken and house speaker john boehner says he has gotten the message. >> because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reform. there's a model for tax reform that supports economic growth. >> reporter: does that mean house republicans are now willing to accept higher taxes on those making more than $250,000? not exactly. boehner says he will only raise more money from taxes under what he called the right conditions. >> does the increased revenue come from government taking a larger share of what the american people earn through higher tax rates? or does it come as a bi-product of growing our economy, energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: democratic senate leader harry reid also says he wants a quick fix for the fiscal cliff. but, he was clearly feeling empowered by a strong showing in the election. >> i want to work together, but i want everyone to understand you can't push us around. >> repo

a fear of possible economic collapse is a recurring theme. speaker of the house john boehner seem interested in a compromise with democrats that could keep the country from plunging off the so-called fiscal cliff. while florida is still official officially too close to call even without its 29 collect 29 electoral college votes mr. obama won with a hefty 303 electoral votes but a mere 53% of the popular votes begging the question, was it a mandate or a draw. the president promised to reach out to leaders of both parties. speaker boehner appeared to be ready to take him up on his offer with hundreds of billions in tax hikes that could tank the economy, boehner staked out this position on behalf of his caucus. >> for the purposes of bipartisan agreement that begins to solve the problem we're willing to accept new revenue under the right conditions. what matters is where the increase revenue comes from and what type of reform comes with it. >> eliot: a few hours earlier harry reid also called for compromise. >> it's better to dance than to fight. it's better to work together. everyth

to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challeng

speaker john boehner who is offering an candid take on tuesday's results. it might be causing more republican hand wringing to opening the door to deal making. >>> and the british are coming. what president obama and prime minister cameron can do together to get the global economy on track and resolve serious situations like syria. >>> good morning from washington. it's friday, november 9th, 2012. this is "the daily rundown" i'm chuck todd. let's get right to my first reads in the morning. at 11:00, in the white house east room the president will speak to the nation for the first time since his election about what he hopes to accomplish before the end of the year. before taking on the new challenges though the president changed his campaign workers this emotional video from wednesday was released by the obama campaign. >> you guys have done, and the work that i'm doing has improved. i'm really proud of that. i'm really proud of all of you. and -- and what -- [ applause ] >> now it's back to governing. today the president will layout his marker for negotiations on the fiscal cliff.

in washington. >> i think the good news for the country is that john boehner and his president actually have a pretty good relationship. they like each other. that's a really good starting point. it's something you don't see in washington these days. and all you see between democrats and republicans is acrimony. i think boehner set a great signal yesterday. i think the person who called boehner yesterday and said let's get back to work is a big deal. >> i want to ask you. do the american voters really get the attention of the gop now? do they send a clear message that misogynistic, bigoted, homophobic candidate es just dot fly. how do they get the party back on track? >> losing does a lot more parties, and spending time in the desert does a lot toward figuring out how to get to water. the republican party obviously has a lot of work to do, but i'm encouraged they will get the message, that we understand we've got to be a larger tent. we can't continue to just go after a shrinking -- trying to expand a shrinking demographic and recognize we need more tolerance, more diversity, and more polici

coming off a smashing re-election victory or speaker of the house john boehner and his tea party cohort determined to hold the line against higher tax rates on the well-to-right now both sides seem to be digging in. president obama used a campaign-style white house appearance today to declare that while he's willing to compromise with the republicans his bisque position has not changed. >> obama: as i said before, we can't just cut our way to prosperity. if we're serious about reducing the deficit we have to combine spending cuts with revenue that means asking the wealthiest americans to pay a little more in taxes. on tuesday night we found out that the majority of americans agree with my approach. and that includes democrats independents, and a lot of republicans. >> eliot: mr. obama also said that he planned to meet with speaker of the house john boehner and other congressional leaders at the white house next year along with business and labor leaders. the president made it clear that even while talks were under way he wanted the house to move quickly to pass a middle class tax freeze

speaker john boehner on this? as you remember during the 2011 negotiations, they tried to get a grand bargain. a $4 trillion deficit reduction that would have included cuts to medicare and medicaid, but also some tax increases. ultimately that deal fell apart. there are some democrats that would like to see the president try to go big again in this second term. now the white house pardoned by some of the comments that john boehner made by saying that he's willing to come to the table to talk to the president about that. as you pointed out, he said that does not include tax increases for the wealthy. but i have been talking to some of my republican sources on the hill who say the speaker's language is important. it suggests a potential willingness to work with the president on the issue of taxes, which is of course the big sticking point. what does that mean? we don't know. it could mean eliminating deductions for big corporations for the wealthiest americans. those are the details that will have to be hammered out. but that report by the congressional budget office, which essentially

together, both sides have drawn some lines in the sand when it comes to taxes. house speaker john boehner earlier today said it's possible to get the nation's financial house in order without tax increases. >> i don't want to box myself in, and i don't want to box anybody else in. i think it's important for us to come to an agreement with the president, and by lowering rates and cleaning up the tax code we know that we're going to get more economic growth. >> here's what's at stake if they cannot come to a compromise. the congressional budget office says it would happen. the alternative minimum tax kicks in hiking taxes with more than half of married couples two children by $4,000 a year. it would ray taxes on workers and the trillion dollars in spending cuts that officials say cost jobs and slow economic growth. let me bring in our "news nation" political panel. we have zachary karabell and loy wis romano and david goodfriend. we have it covered. jonathan, i'll start with you. comparing what we heard from speaker boehner this morning and what we heard from the president

in the first block, actually there was hope today. you had house speaker john boehner who actually opened a door that many people thought was shut. >> for the purposes of forging a bipartisan agreement that begins to solve the problem, we're willing to accept new revenue under the right conditions. >> jennifer: what? so does speaker boehner mean what he says? here to answer that question and more, is host of "viewpoint," and former new york governor eliot spitzer. welcome inside "the war room." >> i like being here. >> jennifer: i was just railing about the far-right republicans -- >> i heard you from miles away. >> jennifer: but despite the denial, john boehner gave this statement today to suggest that revenue could be a part of a grand bargain. >> yes, but -- there was classic boehner and cantor. it was quintessential republican double talk. we are now at the moment where you have got to put your cards on the table if you are going to get an agreement. it's now november. >> jennifer: but put their card on the table by saying we would consider revenue -- they said it's

boehner today, what chuck schumer had to say, the president's expected to announce that he is inviting all of the leaders to the white house to discuss the fiscal cliff. >> right. i think what we've seen broadly is marking out of territory, with a strong emphasis on willing to work across the aisle. i don't expect president obama to go into specific detail of how he's going to get this done. i do, however, expect kind of this, you know, the election is now over, let us come together tone. and to be honest, i think he does have a stronger hand in this, than maybe even he thought he might have. simply because of the election results. could be looking at 332 electoral victory, larger than i thought, democrats picking up seats in the senate, picking up some seats in the house, not a huge number. if you're john boehner in the press conference he had, one of his lines was, i think we have a lot of work to do as it relates to the republican party. the republican party is trying to figure out what happened and i don't know if in the midst of a what happened self-examination you really want to go i

. >> the president has spain to speaker boehner and other leaders about plain going forward. what else do we know? >> reporter: it's significant. president obama called these leaders within the hours of his re-election sending a strong signal that he's serious about bipartisanship and working with the leaders and reaching across the aisle to get a compromise on the fiscal cliff and work through this it. the message he sent to the leaders is we need to work together to resolve this. i would point out that house speaker john boehner in his press conference yesterday echoed the president's sentiments to some extent saying he's willing to work with the president on the issue of taxes. that's the big issue here in washington. so signalling that he would be willing to work with the president. now, will this actually happen? of course, the republican conference is larger than the house, so speaker boehner is saying something in his conference going along with it are two different things. they're in a wait and see mode. we won't see the crisis of debt debate in the summer of 2011. >> i hope you're right.

. john boehner, the speaker of the house, also 25uked about the fiscal cliff and hinted for compromise. you got to listen carefully to see the compromise that could be coming. let's listen. >> it's clear, there are a lot of loopholes in the tax code, both corporate and personal. it's also clear that there are all kinds of deductions, some of which make sense, others don't. everything, everything on the revenue side and the spending side has to be looked at. >> anyway, senator chuck schumer this morning suggested that the right wing might be more willing to accept compromise now. it's been helpful. let's watch. >> boehner wants to compromise, that's why he gave that speech. boehner's not a hard right guy, he's a mainstream conservative. i think he's going to help. the hard right is chastened in a lot of ways. >> in south carolina, a republican, jeff duncan, who quoted him as follows, when i look at the results of the election, congressman duncan says, it becomes clear to me that the house is now the last line of defense for preserving freedom in this country. the people of south carolin

ahead to the fiscal cliff. john boehner has reiterated that the newly elected house republican majority is opposed to raising tax rates. they're willing to accept new revenue under certain conditions. what is your reaction to that? despite the pledge that most of them have signed? >> if we had a recovery the strength of reagan's recovery, there would be 10 million more americans at work today. but we take rate in's path of less spending and regulation, -- reagan's path of less spending and regulation, he has a million more americans at work today than obama does. i would rather have his recovery and all the revenue that flows from that. if you grew 4% a year instead of 2%. the difference between growing from 4% instead of 2% is $5 trillion in additional revenue to the federal government. nobody is talking but raising taxes $5 trillion. why not focus to reduce rates, have lower taxes, it to get more growth. you actually net more additional revenue. >> it seems like john boehner is now willing to get that revenue not just from the economic growth that is not scored by the congressional bu

issue moving forward and there is a showdown in store. while john boehner has offered up a bit of a compromise he and harry reid have different ideas. >> people making all this money have to contribute a little bit more. >> the congressional budget office are analyzing person provisions of the fiscal cliff. it finds letting these bush tax cuts expire is the least harmful way to improve the economy. but the gop would rather see lower rates and eliminating loopholes. yesterday senator chuck smumer called it a rumpled stillskin fantasy. earlier this week the president gave a very heart-felt speech to his staff and even teared up a bit. >> you guys -- [ inaudible ]. and i'm really proud of that. i'm really proud of all of you. >> more bill is up after the break. stay with us. how are you ever going to solve the problem if you don't look at all of the pieces? >>tv and radio talk show host stephanie miller rounds out current's morning news block. >>you're welcome current tv audience for the visual candy. >>sharp tongue, quick whit and above all, politically direct. >>you

-- the so-called "fiscal cliff." but he and house speaker john boehner both insisted they'd hold firm on whether or not to raise taxes on the wealthy. here are excerpts from the president's first comments on the subject since his victory tuesday night. he spoke to a crowd of supporters in the east room of the white house. >> as i said on tuesday night, the american people voted for action, not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i've invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. last year, i worked with democrats and republicans to cut a trillion dollars worth of spending that we just couldn't aff

house, but john boehner even said recently this is going to be long talks. is the first round of negotiations after the election but what is important to keep is mind is that john boehner has already back pedalled from where he was in 2011. he wasn't even willing to entertain the revenues he is willing to entertain in 2011. if you remember in 2011 when things looked like they were getting done the meetings were secret. >> jennifer: so in fact i want you to listen to a sound bite from house speaker john boehner this morning. >> the members of our majority understand how important it is to avert the fiscal cliff, and that's why i outlined a responsible path forward paving the way for entitlement reform as well as tax reform with lower rates. >> jennifer: so -- it's very interesting to watch the dance and knowing that boehner has a tea party wing that he has to placate, and knowing he has moved all over the map people have described him, really as being boxed in. >> he is boxed in, because he doesn't have the votes to pass a tax rate increase and the presi

suicide for the u.s. economy and so yesterday house speaker boehner and senate majority leader harry reid road tested some ideas for r reconciliati reconciliation. >> mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. >> it's better to dance than to fight. it's better to work together. >> that all sounds pretty promising, but listen a little closer to speaker boehner's call for compromise and then you begin to hear a familiar tune. >> we aren't seeking to impose our will on the president. we're asking him to make good on his balanced approach. the president has called for a balanced approach to the deficit, a combination of spending cuts, increased ed revenues, but a balanced approach isn't balanced if it means higher taxes on small businesses that are the key to getting our economy moving again and keeping it moving. >> yes, you heard it. it's that same small business melody that we've heard from mitt romney for six years. now, thankfully silenced along with the strains of kid rock's "born free," except, of course, now the lead

in chicago, and house speaker john boehner was already hinting at another major fight in congress over taxes and spending. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers. mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. >> president obama will make a statement tomorrow in the east room. the automatic spending cuts and tax hikes kicked in january 1st if washington can't reach a deal. a lot of people fear it's going to be a repeat of what happened in 2011 when the republicans 4e8d the debt ceiling hostage to get what they wanted. but thing, i guess, you could say are a bit different. we are two days removed from a landslide victory, as well as a new 55-45 democratic senate majority. the president is also the winner of the popular vote. did you hear that, republicans? winner of the popular vote with the majority of the country supporting him. the only area in government where the democrats fell shot was in the co

it is doable. whether that means it's going to get done is another question. and speaker boehner is in a delicate position. he would like to e get something done, but he's got an unruly boisterous caucus to be managing. >> i heard from a senator that he's going to need to bring in eric cantor somehow. he's going to have to enlist him if it's going to get done. we did get the preview yesterday. what's the president's strategy going to be? does he need to set an agenda for how to move forward? >> he's going to speak in generalities. he's not going to lay out a detailed, here's what i want to do five-point plan. i think that's smart. the best approach is to work this through congress with the white house being involved as well. take it as a patient process. >> let me play a little more from chuck schumer talking about john boehner's position. >> boehner wants to compromise. that's why he gave that speech. he's not a hard right guy. he's a mainstream conservative. >> here's a suggestion in his column titled "let's not make a deal." mr. obama should hang tough declaring himself willin

a conversion of interest or views between the president and john boehner. i'm not sure that i see it yet. the president said you have to go to the clinton area, 36% top marginal rate. and you said a few loopholes that's fine but not the real battle we should be undertaking. am i correct? >> now boehner we're back to where we were before the election in some respects. there is a significant core of the republican party that simply will not raise taxes under any sixths. they will not raise rates. they still feel that they are pledged to grover norquist, maybe not to the american people. not to the constitution, but to grover norquist. therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner

looking drab. >> paul: house speaker john boehner extends an olive branch, how much will they [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges

reid and move on to john boehner. [video clip] >> they are tired of partisan gridlock. i have one goal, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a republican majority. if there was a mandate, it is a mandate for us to find a way to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation, but one of conviction. mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. we want you to lead as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up first. what was the message to washington? caller: i really think co

that majority. i was encouraged to hear that speaker boehner agree that tax revenue has to be part of this equation. so i look forward to hearing his ideas when i see him next week. and let me make one final point that every american needs to hear. right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1st. >> let's bring in our chief white house correspondent, jessica yellin. let's move the story a little bit. the president is going to on a trip overseas but he's got to get involved deeply in negotiation. his top aides will be meeting with the republicans on the hill. >> in the coming days the president has invited the leaders of the house and the senate, to talk about these negotiations and begin basically laying out where each side stands. right now what we know is that the major sticking point is over this tax rate for the top earners. the president as you just heard saying the tax rates for those making $250,000 and up must increase. house republicans making it c

, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would

country. >> i want to follow up that question and ask neera real quick -- john boehner expressed openness to reductions in spending, reforms, but not structural changes, not ending the federal entitlement to medicare or medicaid, as the ryan budget would do. where do you think that goes after the election? >> i think the president really crossed the rubicon there by putting medicare and medicaid on the table. neera mentioned the budget -- hundreds of billions of dollars in cuts. romney tried to put it back in. i thought it was very ironic. social security? no, it has not been on the table. i think he has already done so and i suspect he will continue to. >> one of the interesting things about that -- we will go to the audience in a minute -- think of the context. medicare is one of the policies that transfers resources down the generational ladder. from the retiring baby boom that is 80% white and moving it into an uninsured younger population, it really in many ways -- the federal government has $700 per capita, something like that -- is striking that under such explicit attack, for kind

. what struck me yesterday with john boehner he was saying as we approach the fiscal cliff, boehner was saying yesterday that the bottom line for republicans after this election is the same as it's been for 22 years. that is, that any kind of income tax hike, especially for the wealthy, is off the table for them. do you have a sense of what the white house is thinking is on the table? we approach january 1st. is it that they are really eager mainly to strike a grand bargain they can sell as a major bipartisan achievement? is the idea of fighting past january 1st if necessary to get rid of the bush tax cuts for the wealthy americans more of a priority for them? >> no. i think they want a deal if they can get it. you're right to listen closely to john boehner, because what he had is he'll accept some revenues in the context of tax reform, a big, wonderful, fuzzy nebulous idea. what he won't expect initially is a change in the rates. of course, that's what it's about. it's about the rates for the highest income earners. and that's where john boehner is refusing to start out in the nego

to tuesday's election results continues in washington. join us. house speaker john boehner will hold a news conference for it later this afternoon, president obama will speak to the nation. we expect him to speak about the upcoming fiscal cliff. that will be live at 1:05 eastern c-span. j kearney has a briefing schedule that is set for 2:00 p.m. eastern. >> if there is a mandate, is a mandate for us to face the challenges we face. in the weeks and months ahead, we faced a series of challenges and great opportunity. >> the american people want us to work together. they want a balanced approach to everything but especially with the huge deficit and taxes. >> the newly elected congress starts work in january. work is expected on the impending fiscal cliff including the expiration of the bush era tax cuts and possible cuts to domestic and military spending. fall all the debates with live house coverage on c-span and the senate on c-span2. there was a conference yesterday. pollsters participated in a town discussion that talked about economic efforts and how this affects lobbying in the lame- du

speaker john boehner is doing the dance of the seven veils. ♪ >> a day after the president's re-election, the speaker of the house opened the door to additional tax revenues. >> we're willing to accept new revenue under the right conditions. >> but after that telling peekaboo, boehner pulled back, announcing tax increases are not an option. >> raising tax rates is unacceptable. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> last night, he revealed to diane sawyer that his party was no longer seeking to repeal the affordable care act. >> well, i think the election changes that. it's pretty clear that the president was elected, obama care is the law of the land. >> but you won't be spending the time next year trying to repeal obama care. >> there may be parts of it that we believe need to be changed. we may do that. no decisions at this point. >> but hours after that interview, boehner shrouded himself once again tweeting, obama care is law of the land but it is raising costs and threatening jobs. our goal has been and will rema

wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats and republicans on the hill. listen to more of what john boehner said in that interview. >> -- talk a

. president obama isad odds with speaker boehner. am they be stuck in the same preelection grid lock. joining us is senior advisor to senator harry reed reed. and spokes man for boehner. welcome and glad to center you on board. start off with the situation with the president speaking out and saying as far as he is concerned wealthy americans will pay higher taxes and that ended with his reelection and he believes that voters validated his effort to make it happen. speaker boehner said raising taxes are unacceptable. >> you are seeing the classic positions and everybody wants to make sure they speak for their constitients. and they want to make they are addressing the concerns. what we will see next week a call for the president for the leadership to go down to the white house. there is not that much time. we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the ben

john boehner and mc mcmcconnell are as good as we have. >>neil: well the president needs speaker boehner more than mcth connell --. bucky>>governor huckabee: both are seasoned washington insiders. the republicans in the senate and the republicans in the house of representatives have to trust and follow their leaders. that will be anathema to a lot of republicans. you cannot have 535 people all negotiating for their particular part of the pie. it can't work. >>neil: who gives? >>governor huckabee: everyone the that is how you govern. >>neil: they have never done that. >>governor huckabee: you have to. >>neil: the president is saying elections have consequences. is the consequence of this, sock the rich? >>governor huckabee: the consequences of the election, we have more governors that are republican, same house of representatives, same senate, same president. meet the new boss, same as the old boss, nothing has changed. what has to change rather than sitting down and starting at point of where they disagree, they need to sit down and start at the point of where they can agree to t

to call both mr. boehner and the senator republican leader, mitch mcconnell but was told they were asleep. >> wake them up, for goodness sake. >> he is the president. >> wake him up. >> yesterday, yesterday, senate majority leader harry reid struck a tone of cautious optimism. >> it's better to dance than to fight. it's bettor work together. i want to work together but i want everyone to also understand, you can't push us around. >> hours later there was some reason for hope. the word revenue which speaker boehner used 15 times in a 12-minute press conference and not always in a completely negative context. >> the news via tax reform. we're willing to accept new revenue under the right conditions. republicans have signaled a willingness to accept new revenue. if it comes from growth and reform. >> has boehner opened the door to compromise and extended an actual olive branch. he alluded to the grand bargain that slipped away a year ago. >> closer to the critical mass needed legislatively to get tax reform done. the president and i talked about it extensively during the summer of 2011. it w

and house speaker john boehner both insisted they'd hold firm on whether or not to raise taxes on the wealthy. here are excerpts from the president's first comments on the subject since his victory tuesday night. he spoke to a crowd of supporters in the east room of the white house. >> as i said on tuesday night, the american people voted for action, not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i've invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. last year, i worked with democrats and republicans to cut a trillion dollars worth of spending that we just couldn't afford. i intend to work with both parties to do more, and that includes making reforms that will bring down the cost of health care so we can strengthen programs like medicaid and medicare for the long haul. i've put forward a detailed plan that allows us to make these investments, while reducing our deficit by $4 trillion over the next decade. i want to be clear-- i'm not

or are we more likely to see topless pictures of speaker boehner before we see a willingness to compromise. >> i wish i could get that imagine out of my head. >> i apologize but that's the reality. >> maybe yours. everybody is saying, look, john boehner has talked about the possible of raising revenues, he looks really reasonable now. he hasn't said no. the big question is, we've talked about this since the election, you and i and others, that what's at stake here is whether boehner can actually cut a deal and still remain speaker of the house. that is there isn't a mutiny, there isn't an opening on the right for a rebellion against him. he could not do that last time around in the summer of 2011 when the president tried to reach this grand bargain with him. it was clear to people working with him and in the room, democrats and members of the administration, that he himself would have cut that deal and would have, you know, walked away and held the president's hand and said look what we can do when we're adults in washington. but he was told by members of his own party, if you do that, our

speaker john boehner said yesterday that republicans are willing to consider raising >> this is "bbc world news." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce. offering specialized solutions in capital to help you meet your growth objectives. we offered tailored solutions for small businesses and big corporations. what can we do fou

. i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was coming up, but interest rates have remained low and the stock

romney in a minute, but first listen to what john boehner said after the election. >> mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. let's rise above the this function and do the right thing for our country. >> later john maynard told diane sawyer he is the most reasonable, responsible person -- john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next year. i think they will get passet the cliff if -- the cliff. if he insists on raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the corner stone of the president from message is we raise taxes on those earning over $250,000. mitt romney pledged toepea obamacare. these are the esse

're seeing certainly that in the case of john boehner and the big question for everyone is whether or not he can get his rather radical troops in the house in line. they have to make a deal. they will make a deal. the business community that supports both parties wants a deal. i am hoping that the president will hold to his principles this time and get a deal that is good for the country. the republicans will have to give up a lot. we're seeing signs that they might. >>tavis: you said to three thins that you always do when you open your mouth. let me pick on some things and get you back on package. tell me what you believe republicans will not do the opposite of compromise which is to dig their heels in. when somebody takes this kind of shocking, there are two ways to respond, gracefully or arrogant way. pompously. tell me why you believe they are not going to dig their heels in, looking there ones after this election verses compromising and getting along with the president regrets over the long term the me not and they may well dig their heels in. we do not know yet and i cannot predict wha

developed, the way the parties are, tuesday night we are all in this together, boehner comes out the next day, yes, we can work this out, but over time, the reality is still up to very different parties with very different values, very different constituencies, and when republicans starts to get to squishy or a democrat starts to move to the middle, they get pounded on. shawn hannity, rush limbaugh, and shultz, and rachel maddow. i started seeing earlier, getting e-mails from the pccc, which is the progressive change campaign committee, which saw the success of 2010 on the right and said we could do the same thing on the left. there is just more and more movement on the extremes, demanding in the party faithful to stay faithful. we still have primaries and republicans have to figure out a way to avoid todd akins and richard mourdocks. there is no increase in the christine o'donnell vote, the witch vote. the republicans had five seats in the last two cycles for the have sacrificed a seat by nominating sharon engle and christine o'donnell, and now the two this time. republicans are going to

refused to consider higher tax rates. timing is also a sticking point here. here is john boehner this weekend. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. together we should avert the fiscal cliff in a manner that ensures 2013 finally is that year. >> no accident, by the way, it was boehner who did the republican response to the president this weekend. the president holds the most leverage in the next two months, directly after the election and before tax rates expire. when the threat of a tax increase on the middle class hangs over the negotiations. republicans would like to try out the negotiations to see the political climate is better for them in the next congress. the big question is how much did the white house learn from the failed debt talk to 2011? will the president bypass leader ship and begin to try to deal directly with the republican senators who have sounded the most open to compromise. >> i think there is a deal. the ying and yang of this is we know there have to be revenues. look, i haven't met a wealthy republ

and political breakthrough? then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have t

closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r

, will they come to terms of a deal? >>guest: speaker boehner struck a conciliatory note but what he meant is what mitt romney was talking about lowering tax rates and eliminating tax loopholes what erskine bowles supported in the "washington post" yesterday, a democrat. and you have senator schumer who noted the conciliatory tone of speaker boehner and he said it was a nonstarter because he will raise taxes on those that make over $250,000. >>neil: say he intends to do that and i am trying to save the nation beside read a prompter but i was trying to find a middle ground. if the middle ground is republicans getting over the issue of closing loopholes and getting rid of critics be like raising taxes and democrat could get over slowing the growth of entitlements is not like growing granny off the cliff they would be able to reach a deal to extend everything for six months or a year and get in the real work of making a simpler tax code or simpler budget process. what do you think of that? >> speaker boehner wants to do a small deal and have an extension doing what you suggest, a reform of a tax code

and house speaker john boehner are advocating compromise, yet sticking to their guns on taxes. again, chief white house correspondent ed henry. >> even as president obama suggested the campaign is over by inviting congressional leaders to white house for fiscal cliff negotiations next week -- >> it is time to get back to work. >> he left the impression the campaign continues as the white house invited 200 supporters to the east room. for what republicans dismissed as a rally. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. >> the president's first public comment since election night came less than two hours after house speaker john boehner said yet again today he is ready to deal. >> this is an opportunity for the president to lead. this is his moment. the president claimed one for his plan. the spending cut mixed with tax increases. >> i want to point out this was a central question in the election. on tuesday night, we found out

and speaker john boehner drawing different lines in the sand. will they break the stalemate? and if they don't -- that's coming up. >> greta: late today, david petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked up and turned over to the house intel commits and whether or not that could be used as blackmail against him. your thought, sir? >> well, even someone as lowly as an assistant u.s. attorney has to undergo a background check with very invasive questions and you are expected to tell the truth and you are asked under penalty of perjury. so you can increase that expoinentia

boehner are telling different stories. will they break the stalemate? for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked

john boehner said friday he would only be open to raising more money by closing tax loopholes. >> and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. >> everyone would be affected. payroll taxes would increase and bush era tax cuts would end. the unemploy wood see benefits run out and -- unemployed would see benefits run out and the congressional budget office is already warning of a 9.6% unemployment rate and double dip recession. >> very unusual for them to predict a recession if the fiscal cliff is not resolved. >> a solution may be sound say some in the president's largely ignored bipartisan debt commission. >> we've got the fiscal cliff bearing down on us. so why not look on simpson bowles although it's over two years later? >> and looming for our area, possible massive job cuts if automatic pentagon cuts are not stopped. at risk, 207,000 jobs in virginia, 114,000 jobs in maryland and 127,000 jobs in the district. tom fitzgerald, fox 5 news. >>

and republican house speaker john boehner are talking about a new spirit of cooperation. but there are battles ahead and we have a team of correspondents covering this fresh start with old players in washington. first, nancy cordes with the president. >> reporter: the president and his family boarded air force one in chicago this afternoon after a visit to campaign headquarters where president obama embraced his campaign manager, jim messina, and elated staffers and volunteers. despite all the talk beforehand of a razor tight race, in the end president obama captured all but two of the states he won in 2008. i just spoke with governor romney and i congratulated him and paul ryan on a hard-fought campaign. (applause) we may have battled fiercely, but it's only because we love this country deeply and we care so strongly about its future. >> reporter: before a cheering crowd of thousands in south chicago, president obama laid out an ambitious second-term agenda: deficit reduction, tax code reform, immigration reform, and energy independence. big goals that have inspired and divided the two partie

. and they feel that they have hopefully the potential for a bargaining partner in speaker boehner and the opportunity to reach a deal because both sides do want to avoid the fiscal cliff. at the same time, the president and democratic team recognizes and believes they have leverage now. in the worst case, while it would be going off part of the cliff, if the bush tax cuts expire, then all the tax rates go u and everybody will be forced into a position to renegotiate the tax rates. so while they're not saying that from the white house, that does give the president a position of extreme negotiating force and he can really make some serious demands. they don't want that, they are not saying that that's where they're headed, but we all know that that's what stands out there as the threat and it's a serious forcing mechanism that gives the president a lot of leverage in these deals if speaker boehner won't come his way. >> but all of that politics. you know what's so interesting? there's all these politics being played but companies and people need the certainty of how much is going to

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